Vedanta Limited

Vedanta Ltd has announced the change in name of its subsidiary, Malco Energy Limited, to Vedanta Oil and Gas Limited. This change was approved by the Registrar of Companies, Ministry of Corporate Affairs (MCA), and is effective from June 09, 2026. This rebranding reflects a strategic shift or focus within the Vedanta group's energy operations.

Vedanta Chairman Anil Agarwal presented a vision for India's economic future focused on self-reliance, entrepreneurship, and resource security at the CNBC Awaaz Bharat Economic Samvad. He emphasized building domestic capabilities in critical sectors like natural resources, manufacturing, and energy transition materials to reduce import dependency. The post-demerger Vedanta Limited is positioned as a focused critical minerals and strategic metals company, highlighting its integrated operations and exposure to key commodities like zinc, copper, nickel, and silver, crucial for India's industrial growth and global demand trends in electrification and advanced manufacturing. The update also touches upon rising inflation driven by crude oil prices.

The Directorate of Enforcement (ED) conducted a search operation at Vedanta Limited's premises from June 1 to June 3, 2026, as part of an investigation under the Foreign Exchange Management Act, 1999 (FEMA). The company fully cooperated, providing all requested information and documents. Vedanta has confirmed that no penalty or restriction has been imposed following the search, and there is no impact on its financial, operational, or other activities.

Vedanta Ltd has announced that its subsidiary, Vedanta Power Limited (formerly Talwandi Sabo Power Limited), has officially changed its name. The Registrar of Companies, Ministry of Corporate Affairs, approved the name change effective June 03, 2026. This rebranding reflects a strategic alignment within the Vedanta group.

Vedanta Ltd has issued a clarification regarding news reports about Enforcement Directorate (ED) searches at its offices and those of its subsidiary, Hindustan Zinc Limited. The company confirmed that ED teams visited some of its offices and stated that it is cooperating fully with the authorities, providing all requested information. The proceedings are ongoing, and Vedanta has committed to making further disclosures as required by SEBI Listing Regulations if any material update arises. The company reiterated its commitment to complying with SEBI regulations and keeping stock exchanges informed of all material information.

Vedanta Ltd announced that the Enforcement Directorate (ED) visited some of its offices and those of its subsidiary, Hindustan Zinc Limited. The company stated it is cooperating fully with the authorities and providing all requested information. The implications of this visit are currently unclear, but it represents a significant regulatory development for the company and its subsidiary.

Vedanta Ltd's board extended the tenure of Mr. Arun Misra as Executive Director for two months, effective June 1, 2026, subject to shareholder approval. This extension is to ensure leadership continuity during organizational transitions. The board also noted that Mr. Rajiv Kumar ceases to be a Senior Management Personnel (SMP) due to the demerger, with his position as CEO – Aluminium Business no longer considered an SMP position.

Vedanta Ltd's board approved a two-month extension for Mr. Arun Misra as Executive Director, effective June 1, 2026, to July 31, 2026, pending shareholder approval. This extension ensures leadership continuity during organizational transitions. Additionally, the board noted that Mr. Rajiv Kumar ceases to be a Senior Management Personnel (SMP) due to the demerger, with his position as CEO – Aluminium Business no longer considered an SMP position.

Vedanta Ltd disclosed a Supreme Court judgement against Talwandi Sabo Power Limited (TSPL), a subsidiary in the process of listing. The court upheld a penalty on TSPL for misdeclaration of availability for January 2017, including applicable late payment surcharge, reversing an earlier order by the Appellate Tribunal for Electricity (APTEL) and restoring the Punjab State Electricity Regulatory Commission (PSERC) order. The appeal was filed by Punjab State Power Corporation Limited.

Vedanta Ltd. announced the apportionment of cost of acquisition for equity shares following the demerger of its Aluminum, Merchant Power, Oil and Gas, and Iron Ore Undertakings into four Resulting Companies. Shareholders can apportion their total cost of acquisition with Vedanta Limited at 52.34%, Vedanta Aluminium Metal Limited at 7.15%, Talwandi Sabo Power Limited at 12.23%, Malco Energy Limited at 21.49%, and Vedanta Iron and Steel Limited at 6.79%. This apportionment is based on the net worth and net assets as per the Income-tax Act, 2025. The demerger came into effect on May 1, 2026, with Resulting Companies issuing one equity share for each share held in Vedanta.